Does social responsibility in a business contribute to its profits?
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Words: 1046
Pages: 4
(approximately 235 words/page)
Pages: 4
(approximately 235 words/page)
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showed first 75 words of 1046 total
showed last 75 words of 1046 total
…ecessary to maintain ethical investors. With improved social and environmental performances, manager implications were mainly considered to be improved loyalty from major stakeholders, which in turn increases turnover. For financial performance, it was established that social responsibility poses many practical implications for managers, especially as new accounting methods are becoming more prominent. Therefore, it has been found that social responsibility has become increasingly important in organisations because it increases the market value of the firm.
…ecessary to maintain ethical investors. With improved social and environmental performances, manager implications were mainly considered to be improved loyalty from major stakeholders, which in turn increases turnover. For financial performance, it was established that social responsibility poses many practical implications for managers, especially as new accounting methods are becoming more prominent. Therefore, it has been found that social responsibility has become increasingly important in organisations because it increases the market value of the firm.
